Venom Trading Service: The company behind Venom Trading is called Cobra. Their platform comes with bells and whistles. For example, you get real-time charts, the “not so common” one-click trading, and even free access to simulated trading. It provides level-2 trading with direct market access and routing capabilities. As a matter of fact, if you’re familiar with the Interactive Brokers‘ TWS (Trader Work Station), using Venom will be a cinch.
TWS is the software behind the Venom platform. Would you know that without this Venom trading review? That’s why our service reviews trading products.
Plus, as a side note, there is such a thing as “venomous cures” and there is even a superhero film about Venom. But I’ll let you look that up on your own if curious.
Today we’re talking about a broker willing to go the extra mile with their support. Even going so far as to make sure you’re comfortable placing your first trade.
The downloadable desktop platform works on the Mac, Linux, and PC. It’s highly customizable, from the interactive charts to the workspace layout.
The platform provides live quotes and real-time account information. Also, it includes customized scanners, watch lists, and real-time streaming news.
And, it provides technical research and analytics. Use the platform to trade stocks, options, Forex, and futures from one account.
The web-based platform is as advanced as the desktop version. If you want to trade from a computer other than your desktop, then simply log into Venom Web.
The platform is fully customizable and enables you to trade stocks, futures, and options. Check out our live trading rooms for stocks, options and futures also.
With the mobile platform you have the ability to trade stocks, options, and futures while out and about. You can also receive real-time streaming charts and quotes on your tablet or smartphone. This includes Apple, Android, and Blackberry devices.
Since the interface is intuitive and user-friendly you’re able to monitor your account, create and manage orders, and set price alerts easily.
In fact, you can use our real time stock alerts with the Venom mobile app.
Venom Trading offers individual, joint, and retirement accounts. Likewise, the brokerage offers UGMA (Uniform Gifts to Minors Act) and UTMA (Uniform Transfers to Minors Act) trusts.
Additionally, Venom Trading supports opening single fund, multiple funds, and financial advisor accounts. Also, the firm caters to institutions and offers partnership, corporate, LLC, and unincorporated business accounts.
The minimum to open an account is $5,000. However, for clients under the age of 25, the account minimum is $3,000.
Meanwhile, the minimum for day traders is $25,000. Fund the account via check, ACH, wire transfer, ACAT, or online bill pay.
Venom Trading is a member of FINRA (Financial Industry Regulatory Authority, Inc.) and NFA (National Futures Association). Also, the brokerage is insured through Cobra Trading, Inc., a member of the SIPC (Securities Investor Protection Corporation). And Venom clears through Interactive Brokers.
Get updated pricing here.
See Venom Trading margin rates. Note that Venom requires traders to be at least 21-years old to open a margin account.
If you have any questions, Venom Trading’s customer service is quick to respond. Contact their representatives via phone, live chat, fax, or email.
If you need to call outside of their normal business hours, then contact Interactive Brokers for all-hours assistance.
Venom by Cobra Trading, Inc., is a solid brokerage with a great array of products and services. The fact that Venom is using Interactive Brokers’ suite of platforms shows that they are more suited for experienced traders and investors.
Interactive Brokers is quite rich in features which takes time to learn. I guess that explains why Vemon is eager to help you place the first trades.
By the way, Cobra Trading also has trading platforms. The difference is that Cobra is more popular with intraday traders as they piggyback on the DAS trader platforms (not free) and only offer stock trading.
Talking about the learning curve. Newcomers to the world of trading may feel overwhelmed at first because it seems like there’s so much to learn. Bullish Bears training is extensive, no doubt.
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